8 Key Technical Levels Discussed On Thursday's PreMarket Prep

The following stocks and technicals were mentioned on Thursday's edition of PreMarket Prep, a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick.

You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud, and Stitcher.

  • S&P 500 futures - hit a Monday low of 2575.50. The current low and Friday's low are right there at 2573.50, and after that it opens up to 2562.25. 
  • Macy's Inc M - there's minor resistance at the three-day high of $18.36. It opens up to $18.82 after that.
  • Kohl's Corporation KSS - hit a pre-market low of $36.71. The July low of $36.21 and August low of $36.50 are also significant.
  • Square Inc SQ - needs to hold $36 to rebound. There's resistance at a double top close area from Tuesday and Wednesday at $36.76 and $36.71.
  • Roku Inc ROKU - $25.54 is a number to watch. The Oct. 10 high was $26.50. That’s resistance.
  • Overstock.com Inc. OSTK - has not backed off the pre-market high yet of $47.55. The all-time high is $48.25
  • Snap Inc SNAP - $12.10 was the low of Wednesday. The close of $12.91 is resistance for now. 
  • Match Group Inc MTCH - below $29.59 there's scary downside and a gap fill at $27.99 from Tuesday's highs

Watch the show in its entirety here.

PreMarket Prep is a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick. You can listen to the show live every day from 8-9 a.m. ET here or on YouTube Live. The podcast is available on iTunes, Soundcloud, and Stitcher.

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Posted In: TechnicalsPre-Market OutlookMarketsMediaTrading IdeasGeneralPreMarket Prep
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